The Indian Hotels Company Limited (IHCL) Honoured for Outstanding Contribution Towards Sustainable Best Practices
From left – Mr. Ritesh Singh, Vice President – Organisation Effectiveness & Development, IHCL, His Excellency Dr. Martin Ney, the German Ambassador to India and Mr. Puneet Chhatwal, MD & CEO, IHCL
Mumbai, September 25, 2018: The Indian Hotels Company Limited (IHCL), India’s largest and most iconic hospitality company has been recognized by the Indo-German Chamber of Commerce (IGCC) for its Outstanding Contribution towards Best Sustainable Business Practices by a Large Enterprise.
Speaking on the occasion, Mr. Puneet Chhatwal, Managing Director and Chief Executive Officer at The Indian Hotels Company Limited (IHCL) said “This award recognizes IHCL’s achievements in building sustainable practices. The Tata values remain at the core of our operations and through these initiatives our commitment to creating shared value for our stakeholders, communities, and planet remains our steadfast foundation.”
IHCL had recently released its 13th Sustainability Report, in an upgrade to the rigorous GRI Standards reporting framework. Phasing out single-use plastic, exploring renewable energy and strengthening water security are IHCL’s initiatives towards environmental stewardship. In the last year alone, 33% of water consumed in IHCL’s global operations was reused and recycled onsite. 21% of IHCL’s total energy consumption is from renewable energy such as wind and solar power, saving 55,454 tons of CO2 emissions.
In addition, the Company sources goods and services through NGOs and vendors from underprivileged groups in order to give back to local communities; and runs skill centres for youth from remote areas in order to bridge the skill and employability gap.
About The Indian Hotels Company Limited
The Indian Hotels Company Limited (IHCL) and its subsidiaries, bring together a group of brands and businesses that offer a fusion of warm Indian hospitality and world-class service. These include Taj – the hallmark of iconic hospitality, Vivanta with its collection of sophisticated upscale hotels, and Ginger which is revolutionizing the lean luxury segment.
Incorporated by the founder of the Tata Group, Jamsetji Tata, the Company opened its first hotel - the Taj Mahal Palace, in Bombay in 1903. IHCL operates 170 hotels including 25 under development globally across 4 continents, 12 countries and in over 80 locations.
The Indian Hotels Company Limited (IHCL) is amongst South Asia’s largest Indian hospitality company by market capitalization. It is primarily listed on the BSE and NSE.